An electronic transaction verification system for use at a location where a transaction token is presented for payment. The electronic transaction verification system digitizes various indicia of the token, and transmits the transaction information data to a central processing system. The central processing system compares the transaction data with an existing database of information to determine if the customer at the point of the transaction is authorized to use the account. The electronic verification system includes a biometric data device for recording and/or transmitting biometric data taken at the transaction location. The electronic transaction verification system can be used in conjunction with a tokenless transaction processing system to determine if the token presented for payment is associated with an account established for an authorized user that has registered with the tokenless transaction processing system.